Financial services giant Mastercard has announced a new suite of products that are aimed at helping the healthcare partners with their security and to capture more revenue.
The healthcare solutions from Mastercard will help address the pain points such as cybersecurity, payment assurance, and payment integrity. The solutions are aimed at helping its partner ecosystem to tackle these challenges.
The financial services company is introducing the use of AI and machine learning to detect suspicious activity like Fraud, Waste, and Abuse. This particular solution from Mastercard will also help its partners manage daily transaction fraud risk in real-time.
Among the new products is Mastercard’s Test and Learn platform which will help healthcare systems optimize their billing through predictive analytics. The platform will be able to take into consideration unique patient profiles to develop unique billing strategies.
“The healthcare industry is experiencing a significant transformation and Mastercard’s technology-driven solutions will help stakeholders including payers, providers and in the long run patients,” said Raja Rajamannar, chief marketing and communications officer and president, healthcare, Mastercard. “Our solutions range from helping payers detect and reduce fraud, waste, and abuse to offering tools to providers to help improve patient receivables.”